Page 6 - Plans PPT 2

 Special Provision

 Commutation of Premium

All future premium payable for the remaining period can be made in lump sum at a special
discounted rate.

 Premium Sealing

One can pay premium in advance up to a period of 5 years in lump sum at a discounted rate.
Unutilized portion of lump sum amount, if any, is refundable.

 Portability

Policy can be transferred to LIC of India on repatriation of the policy holder to India. The

transfer will be effected only if full first year’s premium is paid and on completion of one year
from the date of acceptance, provided the policy is in force for the full sum assured and on

receipt of a written request from the policy holder. The sum assured and attached bonus, if
any, shall stand altered to the equivalent Indian rupee amount at the rate of exchange,
current on the date on which the request for transfer is received by the Company and subject

to the instruction current on that date of Reserve Bank of India.